Hello mental health champions, how are you doing?
Today I want to talk about some advice on launching a business. I know that being entrepreneurial isn’t in everyone’s chemical makeup but it sure was in mine! I have always wanted to be entrepreneurial and there are so many people on Tik-Tok and other apps that absolutely glamourize having an actual, functioning business. I totally thought opening a business was going to be all sunshine and butterflies, but that isn’t necessarily the case. I wanted to just go over some advice I would give to someone looking to start their own business, especially at a young age. So if any of you are interested in starting your own business and want some separate advice, always feel free to contact me through Facebook or our Email!
The first tip I would say is to make sure you’re planning ahead of time. This was something Vince and I did because we knew that this was going to be a huge undertaking and we wanted our business to be as professionally set up as possible. For almost a year prior, we investigated LLCs and how to form a company. We thought it over for quite a long time before pulling the trigger, that once the opportunity finally seemed like it fit correctly, we had zero hesitations since we had truly been preparing for so long.
The second tip I would give is to not tell a lot of people about your business while creating it. Vince and I had been silently working on Love-Brain for so long and I truly felt like it was the best decision we made. When we finally came to the decision to create this company, we agreed that it would be most beneficial to keep it to ourselves during the process. We knew that there would be a lot of opinions on what we were doing and for one of the first times in my life, I did not care one bit for someone else’s opinion. I was ready for the step and Vince was too. Sometimes the best things are the best because they are so personal. We didn’t want everyone’s critiques, suggestions, or opinions because it was OUR company and we wanted it to encompass us and not everyone else. I truly think that it made our announcement so much more powerful as well. The fact that so many people were shocked and had no idea made it so freaking fun. We had also had all of our logistics squared away and that was another reason we had waited to share it with people. We knew that when we finally came to announce our company, we wanted to be PROFESSIONAL. I didn’t want people to think that Love-Brain was just something we’d have interest in for like a year and then move on. We wanted people to know that we were in it for the long haul and that this was the real deal and not just a hobby.
The third tip I would give is to be financially ready for all the costs that can arise from owning your own company. For so long, I held off with launching a business because I was worried about the cost. It is a very JUSTIFIABLE worry. I think we were prepared for heavy costs but definitely weren’t prepared for the extent. I think that the things that cost the most are professional services like lawyers or tax consultants. You don’t realize how much it will cost until you’re in the throes of it yourself. It was one of those things where everything costs a couple hundred bucks and you’re just never fully prepared for it. Looking back, it probably wouldn’t have stopped us from going through with it, but we may have waited a little bit longer. It also costs a lot of money to become an LLC, to get certificates, to trademark things, etc. So before diving into your business, I would make sure you are fully prepared to take on that cost.
The fourth tip I would give is to be patient. I think a lot of people immediately give up when they’re not making thousands of dollars in their first 6 months- a year of a business. Non-entrepreneurial people won’t fully understand that most businesses do not make a profit within their first couple years and are generally at a loss. That is COMPLETELY normal. Outsiders may not understand pouring money into something that isn’t yet profitable. However, entrepreneurs will know that it takes time to become successful. There are so many aspects to a business such as marketing, sales, and growing and those take time. We are so proud of how many orders we get a month and know that they will only continue to skyrocket the more time and effort we put into our brand!
The fifth tip I would give you is not care what others think. Everyone will have their own opinion about “new” or “out of the box” ideas. It can be hard not to take criticism to heart, but you have to grow a thick skin when you start something new. I also learned that some people may just not understand your vision and that too is okay. You won’t be able to get every single person to understand or love what you’re doing but as long as you do, then that is all that matters. I also think that it is so true that the only people who will judge you are the people doing less than you! Remember that!
Finally, be proud of yourself. Launching a business is a huge step and can create so many opportunities for you even aside from just the growth of your company. The position I just got this last month was because of the skills I taught myself through the creation of this business. You never know when your hard work will pay off!
Talk to you soon brain battlers, Gracie <3
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The Content is not intended to be a substitute for professional medical advice, diagnosis, or treatment. Always seek the advice of your physician or other qualified health provider with any questions you may have regarding a medical condition.